The Harmonized Tariff Schedule of the US1is a nomenclature system used to classify traded goods for import categorization. This is based on their material composition, product name, and/or intended function. An HTS Code is a 10-digit code specifically designed to ensure each article falls into ...
The Harmonized Tariff Schedule of the US1is a nomenclature system used to classify traded goods for import categorization. This is based on their material composition, product name, and/or intended function. An HTS Code is a 10-digit code specifically designed to ensure each article falls into ...
We invite you to read our article, from which you will learn what the HTS code is and its importance when shipping parcels internationally. Check it out!
Though HS codes are important to a merchant when importing goods, they’re also relevant for the goods you ship to international customers. Harmonized Tariff Schedule (HTS) The HTS is a hierarchical numerical structure for describing goods for duty, quota, and statistical purposes in the United...
According to the HTSUS, the correct classification "For hand-held umbrellas chiefly used for protection against rain" is 6603.20.3000 or 6603.20.9000 for all other umbrella frames. That designation is important. The umbrella frames with the first HTS code can enter the U.S. duty-free; the ...
It is important to use the correct number for the correct use-case. Schedule B commodity codes are used by the U.S. Census Bureau for tracking exports, and HTS numbers are used for importing. Both of these sets of numbers are applicable for the U.S. only; the rest of the world uses...
to classify and define internationally traded goods. The name ‘HTS Code’ is used interchangeably with the Harmonised System Code or HS Code. It is important for businesses to note that the HTS code comprises eight to 10 digits, with the first six digits corresponding to th...
Delivered Duty Unpaid (DDU) is an old international trade term indicating that the seller is responsible for the safe delivery of goods to a named destination, paying all transportation expenses, and assuming all risks during transport. Once the goods ar
The LVS criteria are simple: if the value of the goods on a single order listed under a single ECCN does not exceed the LVS limit listed under that ECCN’s entry in the CCL, the export is eligible for this License Exception. NAC/ACA—Notified Advanced Computing and Advanced Computing ...
Customs brokers can assist with HTS codes, which are based on 8-10 digit product classification codes. The first six digits are HS codes and the importing country includes subsequent digits for additional classification. This is one of the basic functions of the customs broker . When import cust...